Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Foundation for Recovery, Inc. (Organization), under programs of the federal government for the year ended December 31, 2025 in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Title 45 U.S. Code of Federal Regulations Part 75, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for HHS Awards (Uniform Guidance). Because this schedule only presents a select portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of the Organization.
The Organization received an Economic Injury Disaster Loan from the U.S. Small Business Administration during the year ended December 31, 2022. The remaining outstanding principal balance as of December 31, 2025 was $486,950.